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New Kudelski: OpenTV needs investment
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Thumbs up New Kudelski: OpenTV needs investment - 04-June-2009, 11:50

Kudelski: OpenTV needs investment

OpenTV faces serious challenges that will impact on revenues and margins if they are not addressed, so says Kudelski in a robust response to the OpenTV Special Committee, which this week rejected Kudelskis offer to buy out the middleware providers minority shareholders.

The Swiss security and CA provider has terminated discussions with the Special Committee and says it intends to aggressively pursue its objectives, claiming it has the support of a number of OpenTV clients and shareholders.

In a statement, Kudelski expressed disappointment at the response of the Special Committee, saying the rejection was not in the best interests of shareholders, customers, partners and employees. The committees assessment relied exclusively on an overly optimistic outlook of the companys prospects. The Special Committees assessment does not adequately take into account the impact of the market trends towards next generation set-top box software solutions, and the resulting significant decrease of OpenTVs business volumes in a stand-alone scenario.

While acknowledging the value of the OpenTV customer base and human capital, Kudelski said it was vital for the long term development of the OpenTV business to significantly ramp up investment, even at the expense of profitability in the short term.


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